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SOL Price
$24.4697
+0.04%
Market Cap
$9.12B
24H Volume
$577.81M
Circ Supply
372.51M

Source: SOLUSD Chart by TradingView

SOL Market Stats

  • Price $24.4697
  • 1H Change +0.21%
  • 24H Change +0.04%
  • 7 Day Change +0.37%
  • 30 Day Change +86.33%
  • 1 Year Change -79.04%
  • All-Time High (ATH) $259.705
  • % From ATH -90.56%
  • ATH Date Nov 6, 2021

SOL Explorer

Solana Background

Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees. The platform is designed to support decentralized applications (dApps) and decentralized finance (DeFi) use cases, and it currently has a high throughput of over 65,000 transactions per second.

Solana’s success can be attributed to several factors, including its high performance and scalability, which allows for the rapid development and deployment of dApps and DeFi projects. Additionally, the platform has a strong and active community of developers and users, which has helped to drive innovation and adoption.

Popular dApps on Solana

  1. Serum: Serum is a decentralized exchange built on Solana that allows users to trade various cryptocurrencies, including Bitcoin, Ethereum, and Solana’s native token, SOL.
  2. Raydium: Raydium is a decentralized application (dApp) built on Solana that allows users to participate in tokenized prediction markets.
  3. Splinterlands: Splinterlands is a decentralized collectible card game built on Solana.
  4. Sollet Wallet: Sollet Wallet is a popular wallet for storing and managing SOL and other cryptocurrencies on Solana.
  5. SolFlare: SolFlare is a decentralized platform for creating, managing, and trading NFTs.

These are some of the most popular applications built on Solana, but many other projects are also being developed and launched on the platform. As Solana continues to grow and evolve, we will likely see even more diverse and innovative projects being built on the platform in the future.

Why is Solana popular among developers?

Solana is popular among developers for several reasons:

  • High performance and scalability: The platform utilizes a unique consensus algorithm called “Proof of History” that enables fast transaction speeds and low fees. This allows developers to build and deploy decentralized applications and decentralized finance projects quickly and efficiently.
  • Low-cost transactions: Solana’s high throughput allows for low-cost transactions, which makes it an attractive option for developers looking to build dApps and DeFi projects that require frequent transactions.
  • Active and supportive community: Solana has a strong and active community of developers who constantly work to improve the platform and create new tools and resources for developers.
    Easy to use development tools: Solana provides a variety of development tools, such as the Solana CLI, Solana Web3.js, and Solana Rust SDK, which makes it easy for developers to build and deploy dApps on the platform.
  • Growing ecosystem: Solana’s ecosystem is growing fast and has a lot of projects and use cases being developed on top of it. This means it’s getting more attention and adoption, which is encouraging for developers.
  • Decentralized and fast: Solana’s high transaction speed, low cost, and decentralized nature make it an attractive option for developers building decentralized applications and finance projects.

Solana Video

Solana Technical Info

  • Blockchain
  • Consensus Proof of Stake (PoS)
  • Hash Algorithm None
  • Org. Structure Centralized
  • Development Status Working product
  • Hard Wallet Support Yes

Solana News

Solana Organization & Team

Solana Labs builds products, tools, and reference implementations to expand the Solana ecosystem further.

More about Solana Labs
Greg Fitzgerald
Greg Fitzgerald

CTO

Raj Gokal
Raj Gokal

COO

Eric Williams, PhD
Eric Williams, PhD

Chief Scientist

Solana Wallets

Solana Exchanges

All images, branding and wording is copyright of Solana. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.